Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards are presentedon the accrual basis of accounting. Such expenditures are recognized following the costprincipals contained in OMBs Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Under federal cost principles, certaintypes of expenditures are not allowable or are limited as to reimbursement. Pass-throughentity identifying members are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grantactivity of BKA under programs of the federal government for the year ended June 30,2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of BKA, it is not intended to and does not present the financial position, changes in net assets or cash flows of BKA.